What theories of value (could) underpin our circular futures?
Lowe, Benjamin H. (University of York Management School)
Genovese, Andrea (Sheffield University Management School (Regne Unit))

Fecha:	2022
Resumen:	The transition to a circular economy is often presented as a straightforward, neutral and apolitical process, characterised by an implicit techno-optimistic and eco-modernist stance. However, in their recent paper on 'circular futures', Bauwens et al. (2020) illustrate that the circular economy is best understood as an umbrella term that might come to define very contrasting visions of sustainable development. Despite this, there continues to be a lack of discussion about the basic assumptions regarding social and economic structures on which the circular economy should be based, with research predominantly focusing on technical and practical questions. Therefore, in this conceptual paper, we assess the a priori compatibility of different plausible configurations of the circular economy with the principal theories of value found in mainstream and heterodox economics. We argue that these futures are themselves value articulating institutions that implicitly adhere to a theory of value even if this is not recognised. Moreover, given that theories of value go to the heart of how economies and societies function and reproduce themselves, we argue that circular economy research should recognise the importance of value and acknowledge how value theory might enable or contradict the visions of sustainable development articulated.
Derechos:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Lengua:	Anglès
Documento:	Article ; recerca ; Versió publicada
Materia:	Circular economy ; Classical political economy ; Ecological pricing ; Sraffian economics ; Subjective preference value ; Sustainability transitions
Publicado en:	Ecological economics (Amsterdam), Vol. 195 Núm. 107382 (May 2022) , ISSN 1873-6106

DOI: 10.1016/j.ecolecon.2022.107382

15 p, 1.3 MB

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